Outcome of the meeting of the Board of Directors of the company held on 24/05/2025 and Submission of Audited Financial Results for Half Year and Year ended 31/03/2025 and statement on Deviation.
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Indobell Insulations Ltd's board, meeting on 24 May 2025, approved audited financial results for H2 and full year ended 31 March 2025. Revenue from operations jumped to Rs 2,572.91 lakhs from Rs 1,788.15 lakhs in FY24, a growth of about 44%. Profit after tax more than doubled to Rs 218.59 lakhs (EPS Rs 3.47) versus Rs 103.26 lakhs (EPS Rs 2.52) last year. The board recommended a final dividend of Rs 2 per equity share (20% on face value of Rs 10), subject to shareholder approval. The statutory auditor issued an unmodified (clean) opinion, and the board reappointed M/s. Basu Chatterjea & Co as internal auditor for FY26. The company confirmed there is no deviation in the use of IPO proceeds of Rs 1,014.30 lakhs raised in January 2025, with Rs 973.30 lakhs already utilized and Rs 41 lakhs parked in a bank FD for pending plant and machinery purchase.
Strong top-line and bottom-line growth with a healthy dividend signals positive operational performance, likely to be viewed favorably by retail investors. However, operating cash flow turned sharply negative at Rs -431.57 lakhs versus a positive Rs 24.59 lakhs last year, mainly due to a large rise in trade receivables, which is a watchpoint despite the clean audit and improved profitability.